Here's a quick look at some of the news from the colo sector from late last week and over the weekend:
Those still looking for a conversion to REIT status got a big boost recently. Iron Mountain got a positive "Private Letter Ruling" from the IRS, which is basically permission to become a REIT. There had been some question since Iron Mountain did a lot more than just manage real estate, yet while the road was more difficult they did get it in the end. That boosts the prospects of data center operators looking to do the same thing, but without sacrificing the other stuff they'd like to make money off of. Equinix in particular is probably pretty happy.
Gold Data Centers has sold one of its facilities out in Sacramento. It's a 30,000 square foot powered shell with 3Mw of power in Rancho Cordova, and will become the primary Sacramento location for an un-named national network operator. Telaxis handled the listing for Gold.
Equinix had a double launch out in the Far East. They've expanded their cloud exchange to the Asia Pacific region, bringing Hong Kong, Singapore, Sydney, and Tokyo into the mix with the initial US and European sites. They've certainly been moving quickly to establish the platform. Underneath the cloud layer, Equinix also completed its expansion at HK3 in Hong Kong. With $23M spent for another 650 cabinets, Equinix now has the whole building under its wing now.
And there were also two HIPAA compliance milestones this week. Telehouse says its process to commit to the standard will be completed in July. Meanwhile, OnRamp is moving head with a partnership with Ostendio to help customers monitor compliance with both HIPAA and HITECH.